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04-18-2008, 05:04 AM
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| Economics wiz help me? to maximize profits, a monopolist produces the output level at which? A) its total receipts are greatest B) its total cost minimum C) it's marginal cost is equal its marginal revenue D) its total costs equal it total receipts. E) none of the above      |
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04-18-2008, 05:04 AM
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| its C. just remember Mr. Darp. it tells u where to put your price marginal revenue (Mr.) = Demand(D.)=(Ar) average revenue=P(price) |
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